Nifty View:

Nifty crashed point and went to a low of 15665 and then bounced points and touched a high of 18102. After hitting the high of 18102 it went crashing and now it is at 16100. These are facts. In a previous update, I told that this correction is a corresponding correction to the move of Nifty from 2020 lows to 2021 highs. Because there has been no correction whatsoever in that movement. The same happened. How do I say that it actually happened?

Notice the fall. It fell without any mechanical support and stopped only at 23.6% 16000f. Fall was over. It bounced from that area. It happened in March. The determination of this top was quite easy... Hope all students of LEARN Programme were able to do it since it was a very very basic that we spent time over in the first few sessions itself.

Going forward, we can say that markets are rangebound. Yes they are. I have said this too in an earlier update that markets will remain rangebound. They have stopped at first support of 23.6% (15800) and if this fails then 38.2% and then 61.8%. (11800) Do not assume or don't think that these are bookish topics and they're practically impossible. Not only they are possible but they are eventually LIKELY. Nifty went from 7500 to 18000+ in an year and can it happen that there won't be any correction??

The zig zag movement as shown in the image makes it look difficult to repeat. But that's an opinion based upon personal experience. This disagreement comes from an experience of thousand or lakhs of chart studies and in my impression I feel that only exceptionally motivated stocks/indexes break that setup. I mean it has to be really very bad to be able to break this movement till 23.6% and slide to 38.2 and 61.8%. Also even though the corresponding high was a lower high indeed, but the movement was in thousands and difference was just 200 points. So one can say that yes the highs were quite equivalent.

When I "assume" that the highs are quite equivalent, and if I assume that the fall further won't be there, then we arrive at a conclusion that 18050 is a strong resistance and acts like a neckline of RHS, and if it breaks, assume 19000-19500 zone. More too can come in but that will be after 19500.

The above bullish case depends on how Nifty performs now. If it doesn't stops falling and 15800 zone breaches, then 14700 and 11400 can come in. Ofcourse these lower levels can come but ofcourse there maybe a chance of pullback.

Having discussed all the details, what is it? It is timewise correction of the rally from 7000 Nifty to 18000 Nifty in short time. I will share more details but in a dedicated separate video because its not easy to explain everything here in text in just a few words.

So in a nutshell, what does it look like? Rangebound. Extremely weak if 15800 zone breaks. 11400 possible if 15800 zone breaks immediate target 14800. For the upside, Resistance 16250 then 17050. Beyond that 18050.

Today Nifty surged from the lows of 15700.

In a written update dated 24th Feb, I shared : Below 16230, 15900....

Today we went straight up from 15700 to 16384.

What a runnnnnnn!!

Bang on.

I gave this view about 15900 zone many days back, when it was much up... I know I did not say that BUY BUY BUY, but the view came out 1000% true & correct. Quite precise too.

What next? Will update soon.

Hope you liked the analysis. Good analysis is often a simple analysis. If you have to use too much science & reason to prove your point, you might be wrong. If you are interested in LEARNing how to analyse, join the LEARN Program. Can Whatsapp us to 9897086811 or email activetrades@gmail.com

Today Sensex crashed 3%.

In a written update dated 24th Feb, I shared : Below 16230, 15900....

Today we went straight down from 16230 to 15800.

Bang on.

Honestly speaking, I "wanted" it to move in open market... So that it could have been traded. But it opened gap down, leaving with less room for any activity.

In the older Nifty View, published on 26th Oct, when there was no 3rd wave and no omicron, I openly said - Bech Do. Sell. I openly advocated reasons of selling, and the reflections came in later. Omicron came, and Nifty cracked huuuuge. Charts had this (fall) since much earlier. I did not create the chart, I just read it. You too can read it. Link : https://youtu.be/NnCad-lLw_c

Thereafter on 26th Jan, 3 months later, I advocated rangebound movement. I told that Nifty will keep on bouncing between 16890 and 17800. This range. And you saw 16890 coming in 3 times. Thrice. Kept on bouncing from exact that point. I also told you 16890 zone is a support and below this 16400. This came in within minutes, today itself. You can play the tape here: https://youtu.be/XVnWkIc8Eb8

In a written update dated 7th Feb, I shared how stocks have been making bearish setups, and they are different from routine one shot corrections. I shared how sensex is losing steam and how these stock specific sell offs are not a good sign for the market.

What next? Will update soon.

Hope you liked the analysis. Good analysis is often a simple analysis. If you have to use too much science & reason to prove your point, you might be wrong. If you are interested in LEARNing how to analyse, join the LEARN Program. Can Whatsapp us to 9897086811 or email activetrades@gmail.com

Today Sensex crashed 4.7%. Nifty went down 800 points.

In the older Nifty View, published on 26th Oct, when there was no 3rd wave and no omicron, I openly said - Bech Do. Sell. I openly advocated reasons of selling, and the reflections came in later. Omicron came, and Nifty cracked huuuuge. Charts had this (fall) since much earlier. I did not create the chart, I just read it. You too can read it. Link : https://youtu.be/NnCad-lLw_c

Thereafter on 26th Jan, 3 months later, I advocated rangebound movement. I told that Nifty will keep on bouncing between 16890 and 17800. This range. And you saw 16890 coming in 3 times. Thrice. Kept on bouncing from exact that point. I also told you 16890 zone is a support and below this 16400. This came in within minutes, today itself. You can play the tape here: https://youtu.be/XVnWkIc8Eb8

In a written update dated 7th Feb, I shared how stocks have been making bearish setups, and they are different from routine one shot corrections. I shared how sensex is losing steam and how these stock specific sell offs are not a good sign for the market.

And the inevitable happened. Honestly, I could foresee this eventual crash 4 months ago, when I shared it in the video. But there were no reasons then to support what charts were indicating. Hot money was flowing in. Within this journey of 18500 to 16250, there were many pullbacks, many bounces but the overall bearishness just continued.

Going forward, to say that this is end of correction "overall", and new bullish setup is in place, maybe too much and too soon. However supports 16230 below that 15900. Structurally, we are in FIRST corresponding correction of rally of 7600 to 18500 Nifty. If I start talking about strong mechanical supports, it might be displeasing and potentially upsetting for some. Currently, the only support can be MONEY. Paisa. FII Money. If it comes in, it can rescue, else nothing can, till mechanical supports come in.

So supports 16230, 15900. Resistance 16290 16900. Meaning if 16290 breaks, a strong bounce can be seen. However will that sustain? Not before 17050 breaks decisively. Levels are current month Nifty FUT index.

Hope you liked the analysis. Good analysis is often a simple analysis. If you have to use too much science & reason to prove your point, you might be wrong. If you are interested in LEARNing how to analyse, join the LEARN Program. Can Whatsapp us to 9897086811 or email activetrades@gmail.com

Nifty had an amazing run from 16890 to 17800+ and then to 17250 zone. Quite as advised. We advised that 16890 is the support zone and it bounced from there only. We also advised that this will be a time where markets are expected to be largely rangebound, from 18250-18600 to 16890 zone. We saw the first bounce already.

As it is usually, the quality of bounce by any support or support instance reduces with time. First bounce by support will be the strongest, second will be smaller and it will keep faltering with time. Reason of this reflection is - People understand the logic and too many weak hands start coming in. As a result, the bounce loses the effect.

If new steam doesn't comes in, the bounces keep on losing steam and eventually the direction of market changes. Like a ball bouncing on the floor. Few bounces later it becomes silent and may fall off the floor to new lows.

Nifty saw the first bounce to 18300 zone. Next high is 17800. Is it comforting enough for the bulls?

A lot of major stocks have been hitting fresh lows and a lot of important supports have been broken in them. What is worrying is - they look bearish in structure. Routine one shot correction is fine, but when the structure starts looking bearish on MoM basis, then the responsibility to take markets up goes on few select stocks. If you want to get list of specific stocks making bearish setups, you can email us.

In addition to the numbers we discussed, 17015 is a new formed support on index. If fails, it may have a natural tendency to test other supports. Resistance 17250 and 17435.

Hope you liked the analysis. Good analysis is often a simple analysis. If you have to use too much science & reason to prove your point, you might be wrong. If you are interested in LEARNing how to analyse, join the LEARN Program. Can Whatsapp us to 9897086811 or email activetrades@gmail.com

Hope you liked the analysis. Good analysis is often a simple analysis. If you have to use too much science & reason to prove your point, you might be wrong. If you are interested in LEARNing how to analyse, join the LEARN Program. Can Whatsapp us to 9897086811 or email activetrades@gmail.com

Nifty touched 18450 and fell as advised previously. 17400, 16500 all came. And it bounced like anything. Again around 18000, it is nearing resistance zone. Were you able to utilize the resistance of 18450 to benefit from the fall? Were you able to buy at the dips? The same stocks which were your favourites are available at a huge discount right now.

We advised on many social media platforms that Nifty is going to rally. And indeed Nifty did move up quite well : https://www.facebook.com/photo/?fbid=289768923163691&set=a.168029622004289

500 points ++++ and 1500 points on sensex in less than 2 sessions. I am sure you loved this update and must have profited from it.

Going forward, we have to see Nifty from holistic point of view. The 2 facts are - Nifty has been in a severe downtrend since 18400. Co-incidentally we previously advised to sell in Nifty around that time. Check the same here : https://youtu.be/NnCad-lLw_c . Hope you benefited from this one too. Now coming to the point, one has to understand that the downtrend, which was dominant till 30 hours ago, still is there. Then the upswing that he have since 16900 still may have some steam left. So one may say that yes upside is left, but at the same time, we may head back to to the square one anytime.

That said, would that be new further crash? can't be said for sure. If it is, then expect further massive falls. In case it makes a higher or slightly lower low, expect next rounds of this rally. We can try to analyse but shouldn't try to predict.

Nifty did move up quite well : https://www.facebook.com/photo/?fbid=289768923163691&set=a.168029622004289

Nifty is about to rally, possibly. A lot of ifs and buts come along. We shared this post on our FB page. Please see it here: https://www.facebook.com/photo/?fbid=289768923163691&set=a.168029622004289

In previous post, when everybody was suggesting BUY BUY, we advised BYE BYE. I openly explained from variety of ways why it is good to "book profits" now and more. Result: Sensex down 6000 points.BankNifty down 6000 points. Nifty down 1500 points. This is certainly bigger than any everyday correction. See yourself!

Going forward, 17204 - 17216 are critical zones (DEC FUT). If breaks, expect a rally. A bounce bigger than a bounce. To where? Maybe 17700. Is the pain over yet? Maybe or maybe not. We may have another down move once the above upmove is over. If however 18000 breaks, then straight resumption of the rally.

Nifty had a pending movement which had to happen once 13000 zone had to break. Target was 16500 zone, which is hit now. The question is - What do you do once you achieve your aim... or target.

At 17900, when I the index currently is at while I am creating the video post, the targets are 18550 zone and thereafter a quick fall is possible. Check the post for complete levels. But yes, fall thereafter.

Nifty has done its major target, 16480. Now 16500 is the key to future. More details in next update.

--------------------------------------------------

Nifty View:
Nifty has done 16200 already now. Now 16480 is a major resistance and a major target for Nifty (SPOT). This could cause a fall to upto 16004 and 15803. These are the supports. If however crosses 16500 decisively, expect either a strong spring effect upside or even a rally.

Nifty View:
Nifty has done 16200 already now. Now 16480 is a major resistance and a major target for Nifty (SPOT). This could cause a fall to upto 16004 and 15803. These are the supports. If however crosses 16500 decisively, expect either a strong spring effect upside or even a rally. Note : Trim your medium term investments if possible. Will try to explain the details in a separate detailed video. Stay tuned!

On 17th May 2021, I advised through video about the possible forward movements. We advised that Nifty has a support of 14139, 13950 and Resistance of 14700. Beyond that 15500-16200 are the next zones and next targets for it. You saw it. 15500 remained for perhaps not the longest time ever, and it has just hit 16200 comfortably.

We shared this insight in much advance, about 75 days. Nifty moved exactly as advised, See Yourself!

On 30th November 2020, I advised through video about the possible forward movements. Nifty has moved from 13000 to 15000+ and has retraced significantly from there. Coming down provides another opportunity to buy, but the fact that it has done its major target already, leaves us with a reason to see things with a magnifying glass. Can be a buy!

15000, which I used to say even before 2020, has hit. Nifty moved exactly as advised. See Yourself!

Nifty Spot

In the most recent Nifty View, we advised 13250 zone to be decisive, and that if it broke, it would lead to even bigger upmove. Result: 13800 seen.

From there we had huge crash today to 13135. Quite like we used to have in March 2020.

Now going forward, there is a support at 13150 DEC FUT which if holds should see a pullback rally to 13700 zone or even more. Scope of upside is open, meaning anything can come, that moreso given the upside momentum we have had ever since March fall. If all goes well, it can see 13800 back, and even 15000 zone. Why not. But since the crash has been huge and too fast today, we can't say if the reversal will be as quick. It may take some time.

In case 13150 breaks, the next mechanical support is 12600 zone. Below that 12400 zone.

Nifty crosses 13000. Now going forward 13450 is a major resistance and a major target for Nifty. Crossing this could cause a vertical movement in market. This is sort of last hindrance.

If this zone of 13450 breaks, then next 15000, 16000 or even bigger will be coming.

Watch the video for more information.

Nifty FUT:

Nifty FUT is already creating a flat curve after having a massive rally from 10800 to 12000+ levels. Non stop. While we reserve our view for the overall market view (larger structure), for a detailed presentation, coming very soon, here’s the medium term view.

Nifty is already below its support zone right now. It was 11907 OCT FUT. CMP 11897. Now if it breaks 910-915 and sustains there, it may resume some uptrend. Maybe to 12000 again. But real new uptrend will begin if high breaks.

On the downside, 910-915 are important levels of resistance now. 876 is the critical support now. If breaks go short with a suitable stop. It may not fall fully in one go and may keep on doing 10 steps down, 4 steps up thing. So manage that.

Nifty FUT:

The overall picture is - the rally from March lows to 11770 has seen a first dent. It has already corrected a bit and looks like maybe more correction is needed to call it “complete”. That’s the overall picture. This view will negate if 11490 breaks on spot. Thereafter it may continue to 12320 zone.

On short term, 11309 is a resistance. If breaks target and next resistance is 11470. If doesn’t breaks 11309 and breaks support of 11200 then one can see a decent fall to 11050 and then 10690.

Nifty spot has arrived at a support of 11050, however temporary it may be. The projections are that a bounce should happen from here, out of which 100 points are already done. As communicated yesterday The recent fall has created a bent in the straight line rally from 7400 to 11770.

The rally has been so large that the top usually is a bit longer flat top. It is not usually an instant zig zag. It spent months to move from bottom to top, so it might take a few weeks to completely get into a bear mode.

So while it looks like eventually it may see a corresponding fall, on immediate basis if supports hold we may see a bounce. If however the supports break, it may crack further and quite deeper lows may be be seen. 10500 zone or even lower.

Nifty hits 10700 and 11000, and goes beyond from there. In this process, markets have traversed 49% from the lows. Time taken - 4 months.

In this video presentation, we have tried to analyse what can be the quality and nature of movements going forward here on, and what can be the trigger points of the same.

Also, like we discovered in Part 1, the mega move, which had to happen above 12450 (strong upmove) did not happen since Nifty had a crash then. Nifty completed that wave without final vertical rally. So will it complete that pending move now? It may or it may not. We can try to take clues from the movements.

A lot depends on Reliance, which has been the key driver of rally. We have included that in presentation too.